FBT in St. Catharines receives $4 million
The federal government is making a big investment in a local business.
FBT in St. Catharines is getting $4 million to help boost the electric vehicle and semiconductor supply chain in Ontario.
The announcement was made yesterday by Filomena Tassi, the Minister responsible for the Federal Economic Development Agency for Southern Ontario.
Officials say the country is experienced a jump in demand for electric vehicle and semiconductor parts.
The family owned business manufactures parts for the automotive and electric vehicle industries.
According to FBT, this investment will create 40 new jobs and help increase production by as much as 75 percent.
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